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Perspective on Change in the Prairie Economy*
Published online by Cambridge University Press: 07 November 2014
Extract
In a period of sudden and fairly rapid change it sometimes requires a conscious effort to retain proportion and perspective. I have therefore resisted the obvious temptation to call my paper “New Resources and Their Effect on the Prairie Economy.” Such a title might suggest fundamental and far-reaching changes that could not be verified by an examination of current economic realities. Even more important perhaps it would tend to obscure great differences in the discovery and exploitation of new resources in the three Prairie Provinces, differences which are sharply reflected in varying rates of economic diversification and growth. Finally, it is important to perspective that the continuing contributions of older resources be accorded appropriate recognition. It would seem that proportion would be best ensured by starting with an evaluation of the older resources, moving on to an appraisal of the new, and concluding with an attempt to interpret present and possible future trends for the prairie economy as a whole. In such an approach, and at the risk of wearying my listeners, much of the analysis must be essentially quantitative in its nature.
- Type
- Research Article
- Information
- Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 19 , Issue 4 , November 1953 , pp. 437 - 454
- Copyright
- Copyright © Canadian Political Science Association 1953
Footnotes
*
This paper was presented at the twenty-fifth annual meeting of the Canadian Political Science Association in London, June 5, 1953.
References
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Since the above was written, the situation has been further complicated by the United States Federal Power Commission's approval of an application to export natural gas from Texas to the Toronto market. See Financial Post, Sept. 5, 12, and 19, 1953.
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